At ANN INC., WE GET WOMEN. Real women live ever more complicated lives. They juggle more activities, play more roles and carry
more expectations.

But what women value is what they have always valued: connecting with others, making smart choices, looking and feeling great. Living
life fully means women choose to play all their roles with confidence and style.

That is why we’re here.

For more than half a century, we have evolved with the needs of real women who live full, active lives. Our values are her values. We get
that a woman expresses herself through what she wears – at work, at home and at play.

To meet her needs, we design pieces for her life
and her changing roles to help her look and feel confident and beautiful. We create rich experiences that connect with her wherever she
is, inspire her style and simplify her choices.

ANN associates are committed to and driven by a simple but profound mission – ‘to inspire and connect with our clients to put their
best selves forward every day’. This is evident in our great brands as well as in our commitment to operating our business responsibly
and thoughtfully. This commitment means that our clients can look great and feel great about the clothes they wear, and it means that
as a business we are holding ourselves to high standards. It means forging strong partnerships with our suppliers so that products are
made ethically. It means investing in new programs and innovation to minimize our impact on the environment. And it means making
meaningful contributions to our communities.

ANN’s rich heritage dates to 1954, when founder Richard Liebeskind opened his first shop called Ann Taylor. Back then, “Ann Taylor”
represented a best-selling dress style that had been gifted to the storeowner by his father. The “Ann Taylor” design embodied the well-dressed
woman, and the legacy was born. By 1983, Ann Taylor had grown from a regional brand to a national brand with 47 stores across the United States.

ANN INC. is a subsidiary of ascena retail group and the parent Company of Ann Taylor, LOFT, and Lou & Grey. The Company operates 1,034 Ann Taylor,
Ann Taylor Factory, LOFT, LOFT Outlet, and Lou & Grey stores in 50 states, the District of Columbia, Puerto Rico and Canada as January 1, 2015 and
are also available in more than 100 countries worldwide online at www.anntaylor.com, www.loft.com and www.louandgrey.com.

Our Brands:

Ann Taylor
Ann Taylor began in 1954 with a dress and a dream. When Richard Liebeskind opened his first shop in New Haven, CT, he named it “Ann Taylor”
after the best-selling dress style in his father’s own store. That dress represented his vision of the modern, stylish American woman. With that
vision, Ann Taylor has grown from a regional chain to an iconic brand with 242 full-price and 122 outlet stores across North America.

As the American woman has evolved, so have we, staying one step ahead to bring her a wardrobe of possibilities. She lives a rich and varied life, and
we strive to bring her thoughtful style options for big days and everydays. With a sophisticated, feminine approach to modern essentials, we promise
to give her the inspiration and confidence she needs to do what she loves.

LOFT
LOFT was born in 1998 and today has over 650 full-price and outlet stores in Canada, Mexico and in over 46 US states. LOFT creates modern, feminine and versatile clothing
for a wide range of women with one common style goal: to look and feel confident, wherever the day takes them. From everyday essentials to attainable
trends, LOFT consistently serves up head-to-toe outfits and perfect pieces at an incredible value which makes getting dressed feel effortless.
They’re styles that reflect the world she lives in. Beyond women’s wardrobe needs, LOFT creates genuine and lasting relationships with
customers via trusted in-store stylists and an optimistic spirit.

Lou & Grey
Lou & Grey is an exciting evolution of the LOFT lounge collection, and a new movement in women’s retail based around a thoughtfully designed and
edited collection of easygoing, texture-rich styles for every day. The store space is where beautifully made clothing seamlessly fits with a selection
of apothecary, accessories & more handcrafted by independent US makers. This curated experience will envelop the customer in a world that piques curiosity
and surprises her senses. Customers are invited to linger, discover, settle in—and keep coming back. Lou & Grey clothing is for the woman on the go who
never wants to choose between style and comfort. They’re the easy pieces that work for any situation she’s in. Lou & Grey is more than a
brand, it’s a lifestyle.